We’re in the final stages of due diligence on this stunning and rare 100-year-old waterfront RV & cabin resort with a deeply loyal customer base — 80% of sites are booked one year ahead by recurring guests and there is no online booking. Year 1 Cashflow is 180k and over 200k starting Year 2 with conservative underwriting. 📍 Washington State (Republic WA) · 13 acres of waterfront · 14 cabins · 54 RV pads · 9 tent sites · 5 boat docks · Camp store · Coin Laundry The seller finance allows it to cashflow at a debt service (DSCR) greater than 3.0x with a 10 year balloon with an option to extend for an additional 5 years. This is a long term hold with durable cashflow that is not reliant on refinance or sale. We are looking for a selected few to take take this park to the next chapter of its 100 year story. Minimum investment is $100,000 – contact me for details. Email: [email protected] Phone: 778-928-5417

Today I was supposed to close on 144 additional units and I did. However, instead of my unit count going up by 144 units only went up by 142. On my drive over to set up our new operations, I got a call that one of my units that burned down. I got pictures this evening and turns out it actually did. Fortunately, no one was harmed, and the tenants have found new homes within our Washington state portfolio. Worst fire I've had in my portfolio and my investing career.

Who is going to the event this year? Will be fun to see everyone

Hi All, How does one overcome the proof of funds question with the Broker, and how does one acquire proof of funds without liquidating. For the first time I came across a broker that require a proof of funds to present my LOI to the buyer.

We are going to do a day long event on Friday December 5th at the Robin Hood Village resort. Topics we are covering: Creative Finance, Finding Deals, Live Broker Calls, Key Note Erich Bubbel Rumor has it Cody Davis will be in attendance as well!!!! Free attendance to all who book a cabin before November 10th! https://www.eventbrite.com/e/creative-finance-multifamily-strategy-sumit-robin-hood-village-resort-tickets-1948535394819?utm-campaign=social&utm-content=attendeeshare&utm-medium=discovery&utm-term=listing&utm-source=cp&aff=ebdsshcopyurl